Why has no banker gone to jail for the 2007-8 financial
crash?
It appears from one retired SEC employee that the staff feared
prosecuting Goldman, Paulson and others. One former employer believes that
the big banks had “captured” his agency—that is, that the S.E.C., which is
charged with keeping financial institutions in line, had become overly
cautious to the point of cowardice.
According to one writer, in late 2006, when the hedge fund
Paulson & Company asked Goldman Sachs to create an investment that would
pay off if U.S. housing prices fell. Paulson was hoping to place a bet on what
we now know as “the big short”: the notion that the real-estate market was
inflated by an epic bubble and would soon collapse. Goldman created a
vehicle of mortgage bonds which it sold to a German bank. Paulson spiked the
vehicle with bad bonds so Paulson could not lose. Wall Street likes sure bets
and this was a big one using deception and hubris.
We can’t beat Wall Street traders because we aren’t inside: http://www.amazon.com/Nothing-Way-Seems-Wall-Street/dp/1492752916
IRS to be eliminated in 3 years
GOP is pushing bill
to end IRS after cutting $1 billion in last 5 years. Audits limited by
17,000 layoffs. Teas want revenge after reports their orgs were targeted for
review. GOP has no alternative to collect taxes but Dems have bill to automate
tax reconciliation so we receive refund automatically. NO paperwork needed.
Open your Tax-FREE account today: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236
FEES are FALLING for millennials
Fees fell to 61 cents from 73 on every $100 of invested
assets. The decline doesn’t mean that investment firms are cutting fees for
actively managed funds. Rather, it reflects a shift to passive funds, both mutual funds and ETFs, with lower
expense ratios, many of them run by Vanguard, the world’s largest mutual fund
company and a pioneer of low-cost investing. Vanguard is owned by its
shareholders so your costs for passive and active investments are that of the
owner. If you pay 2% a year total, over your lifetime, you give up 63% of your
earnings to the owner of your funds. Earn 10% not 3.69%.
It is your money to give away or keep: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
GOP Religionists to remove OK doctors from women’s health
clinics
OK will terminate
doctors who do abortions in their clinic practices. “Oklahoma politicians have made it their
mission year after year to restrict women’s access vital health care services,
yet this total ban on abortion is a new low,” Amanda Allen, senior state
legislative counsel. Doctors are already in short supply in OK and this will
make it worse. “If we take care of the morality, God will take care of the
economy,” the bill sponsor said. OK to turn back time to the 1950s moral
climate.
TN has made it legal to let mental health counselors
to refuse to treat patients based on the therapist’s religious or personal
beliefs. So pledge to ‘heal the sick’ has caveats.
Religionists think that if they ban doctors, they ban
abortions, they ban sex education, they ban contraceptive devices, they can ban
sex for unreligious purposes.
Don: I
can play any part needed in this live TV “reality” show called
“Election 2016”
I will
testify that my U
diploma is great and a bargain in RE deals
I
tricked FAA so I could keep my “ride” and not have to fly with my voters!
My new
advisor, Manafort, is real
dealmaker too—Rap sheet is extensive!
Ted: I
am hoping Carly can fix my campaign better than she fixed HP. Forget
fake video!
Boehner
didn’t really call me “Lucifer
in the flesh” and “miserable son of a bitch.”
Paul Ryan: No budget deals and Teas
want more cuts of benefits so I punt.
John: I can eat whatever I want. I campaign
wherever I want. Deal? I am the way.
Hill: Tea
party founder Koch Industry can support Clinton over GOP picks
50
people pay for HALF the election money spent—we don’t know if they are
Americans
Regulators are the only protection we have since we
can’t sue anymore
“It is nearly
impossible for one individual to take on a corporation with vast resources.”
(GOP bill requires impossible: every person in class
action suffer “same type and scope of injury”)
Supremes
stop us from suing—State courts no longer available to sue corporations!
CIA
contract psychologists, Mitchell Assoc. sued by their victims for torture
effects.
.Guns kill people: PA dispute in church ends with gun—killing ends ‘talking it out’!
.Guns kill people: PA dispute in church ends with gun—killing ends ‘talking it out’!
.Pressler & Pressler, New Century Financial caught churning
out deceptive debt lawsuits.
.London-based Fiat Chrysler recalls million vehicles
because they
can roll abruptly.
.Measles
back in TN and containment challenge. Not immunized—religionists?
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
Supremes feel politicians helping donors with favors is OK
VA Gov conviction for corruption was not fair, they think.
All politicians do what McDonnell did—provide favors
for benefactors. That is what gov is all about. “For better or for worse,
it puts at risk behavior that is common,” said Justice Breyer, who along with
Justice Roberts suggested that the federal corruption
laws are so vague that they
might be unconstitutional. There’s a Gov in AL, one in LA and one in IL who
want out too. Most Gov are more subtle and indirect like NJ Christie. He gave state
pension money to his supporters so they could take
$ millions in fees for ‘managing’ a lack of growth over time. For instance,
Treasury records show that, three years ago, the hedge fund Third
Point LLC received a $100 million pension investment from Grady’s state
investment council. The investment came a few months after Third Point's
founder and CEO Dan Loeb gave $400,000 to the Republican Governors Association. Campaign
finance records show employees and political actions groups affiliated with
firms managing New Jersey pension
money have given more than $7.1 million to the RGA, headed by Christie. His
hedge fund friends have lost significant earnings over the past 5 years.
Supremes could respect jury system that sent Govs to jail
How our government wastes our money
We spent $81 million to devise
torture that CIA used to get secrets—it FAILED
SCAMS
Finally, our Cyber
Command to launch attacks against ISIS for the first time. But to
use the intel is to limit the
source’s future, as in the WWII
Enigma story.
VW buyback plans but what
about Audi, VW, Porsche, ‘clean’ diesels that cheated too?
Mercedes,
Nissan, etc next?
Who owns your account now?
IAN
41 Watchung Plaza, B242
973.746.2014
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